Another record, by a hair. Inflation in a disinflationary world. Retail sales up. Industrial production up. Sentiment down. Earnings recession. Herbalife not quite a Ponzi scheme. BP pays. Sheep level view. Financial Review by Sinclair Noe for 07-15-2016 DOW + 10 = 18,516 SPX – 2 = 2161 NAS – 4 = 5029 10 Y + .06 = 1.60% OIL + .27 = 45.95 GOLD – 3.80 = 1331.80   Another record high close for the Dow Industrials; six straight winning sessions, and since the June 27 lows following the Brexit vote, the Dow Industrials have added just over 1453 points, or an 8.5% gain in less than 3 weeks.   Consumer prices rose in June for the fourth straight month as the cost of gasoline, rent and medical care continued to go up. The consumer price index increased a seasonally adjusted 0.2% last month; the CPI is a measure of inflation at the retail level. Overall inflation remains low. The consumer price index has risen 1% in the past 12 months. And the multi-year trend is disinflationary. Real or inflation-adjusted hourly wages, meanwhile, fell 0.2% in June to mark the second drop in three months. Hourly pay has risen a scant 1.5% in the past 12 months.   The higher cost of gas accounted for much of the increase in inflation in June. Energy prices rose 1.3%. What’s also helping households is the biggest sustained drop in grocery prices since 2010. The so-called food at home index fell 0.3% ...